The Trustees of the P.E.O. Educational Loan Fund (ELF) and the Executive Board of International Chapter announce POLICY CHANGES EFFECTIVE JULY 1, 2024 making more women eligible for larger loans!

For complete detials and eligibility requirements, see “ELF Policies Governing Loans” on the P.e.O. International website.

A woman is eligible to apply and receive consideration for an ELF loan if she:
• Is recommended by a local chapter of the P.E.O. Sisterhood with a favorable vote on the amount of the loan
• Is a citizen or legal permanent resident of and resides in the U.S. or Canada
• Submits an application within six to 24 months prior to the stated graduation or course completion date
• Has been accepted by or is enrolled full- or part-time in an accredited U.S. or Canadian post-secondary institution
• Has a high school diploma or the equivalent
• Demonstrates the academic ability to remain “in good standing”
• Meets the minimum credit score of 625
• Does not exceed the indebtedness limit for the degree level
• Has a qualified cosigner for the loan
• Does not have an outstanding ELF loan
• Demonstrates financial need

NEW Indebtedness Limits:
• $40,000 for a non-degree program
• $75,000 for an associate degree
• $100,000 for a bachelor’s degree
• $135,000 for a master’s degree
• $235,000 for a doctoral degree

NEW Maximum Loan Amounts:
• $12,000 for a non-degree program or associate degree
• $15,000 for a bachelor’s degree
• $20,000 for a master’s degree
• $25,000 for a doctoral degree

Our 2% interest rate remains the same. But with these changes, ELF can now help even more women reach for the stars through education. Let’s go find the applicants!

Article Info


P.E.O. Educational Loan Fund Board of Trustees


Educational Loan Fund

Article Type

P.E.O. Projects

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